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. there will be a tax increase on the wealthier americans of some size. i cannot believe that obama is going to travel around the country to make us think about this. if he doesn't think he will get them to go along with some marginal increase rates. >> dana: good point. let's get your take on that. president off campaign trail and major victory in the 2012 election. now he will go out and sell the plan he believes he just run on. does he need the road show to get support for this? >> andrea: that is all he does is the road shows. this is how he wins. how he won the election. with a giant p.r. offensive. we'll be losers because it doesn't change the policy. i don't begin to know how harry reid thinks or how his brain works. if you believe what nancy pelosi said, she said if you want to look what our plan is for medicare look at obamacar obamacare. i wonder if that's the cuts they made to medicare denied in the election, if they take credit for those. this is really scary, because he is trying to rally people on his side. he believes they think they should tax the rich. he doesn't even have the will of
. when we look at for example the payroll tax cut and the obama care tax, if you put those two things together, that's over 1% of the gdp. if you throw in then the top 1% or 2% earners, that's going to put is at 1.5% or 2% of the gdp which is not a sustainable amount of tax hikes given the fact that we're in a sluggish growth period. i think that warren buffett certainly understands that. you know what mr. buffet chld tchldt, if you want to add in more refr new, go ahead. why not make this something of choice. if you feel like you can help, go ahead. put some extra money in. >> that's completely -- look, nobody has any guns to anybody's head. we have a common problem. it's called a budget deficit, particularly in out years. we have some common responsibilities and when you do consider that the wealthy in this country are taking home between 20% and 25% of total income, total wealth of this country, we haven't seen this degree of concentrated income and wealth in 80 years. if i may just finish my thought for just a second. >> i'm afraid i have to jump in. >> the effective tax rate is l
with the country. plus his plans to fix the gop. >>> plus president obama's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're talking politics, same sex marriage and the "two and a half men" star whose christian conversion has him attacking his own show. this is "piers morgan tonight." >>> good evening. our big story tonight, countdown to financial doomsday, the fiscal cliff and the clock is ticking. 35 days left before this massive sweeping tax hike. america's now at the mercy of washington, hoping that both sides can end the fighting and make a deal. anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party back away from that promise? joining me in his first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are y
take president obama's party. doo extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris good win joins us. >>> let me finish with how lincoln outlawed slavery for good and how de it using politics. this is "hardball," the place for politics. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with
when obama came in and raise taxes with democrats. >> republican's line. isn't this a bit -- you were having republicans takes a very difficult pledge to cut taxes, give away money. isn't that like a court of axing they like passes? >> it's a pledge not to cut taxes but it's a pledge not to increase taxes. people say why don't you toughen? you don't want to change it because it's a simple guardrail. doesn't solve all the world's problems but doesn't design tax reform. it just is no net tax increases. >> in your mind when someone signs it, how long are they committed? >> it's not in my mind. it's in writing when the person signs it is their fourth lingerie your congressman or senator or a step legislator. >> so you are signing this for my? >> no. and much attended a congressman for all of your life. for as long as you -- [talking over each other] spent a summer was to tell you are pro-life or pro-choice, would you say is this for 18 months or for a cure and a half? how long are you going to be pro-choice? for as long as you're a congressman. you're telling someone who you are. i'm the
) of course, obama's answer to this budget crisis is to raise taxes on the wealthy just because he ran on that promise. and won the election. (laughter) it's like he's totally disregarding my dismissive finger quotes. what part of this don't you understand president "o" bama. (laughter) here's what's really scaring me, folks. republicans might let him do it, even though every remember in congress has signed the new taxes pledge created by the president of americans for tax reform, grover norquist. (thunder clashes) the two most terrifying words a republican can hear other than "buenos dias." (laughter and applause) but now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- oh, what's his name? (laughter) i got it, don't help me, don't help me. rip flambe. (laughter) no, no, that's my personal train trainer. (laughter) no, the point is conservatives are jumping ship. >> i want to buy down debt and cut rates that create jobs but i will violate the pledge, long story short, for the good of the country. >> i'm not obligated on the pledge. the only thing i'm ho
presidency. 1993 tax increase, only on democratic votes. then no tax increases until 2009 when obama came in and raised taxes with obamacare. >> isn't this -- you are having republican is take a difficult pledge to cut taxes, isn't that like a quarterback saying they like taxes? >> it's a pledge not to increase taxes. people say why don't you toughen it. you don't want to change it because it is a simple guardrail. it doesn't solve the world's problems, it says no net tax increase. >> in your mind when someone signs it, how long are they committed to it? >> in writing when the person signs it as long as you are a congressman or senator. >> you are signing this for life? >> unless you intend to be a congressman for all of your life. >> a career decision. >> if someone tells you they are pro-life or pro-choice, is this 18 months or a year? how long are you pro-choice? you are telling someone who you are. i'm the kind of guy who is pro-choice or pro-life. two people have brought that up. latourette who decided to leave congress he said yeah i made that promise a long time ago and i went into
of the payroll tax cut that president obama pushed through, which by law congress also had to restore to the trust fund. all points republicans emphasize in the current talks. >> why in the world would they want to talk about the fact that vital program started spending out more than it took in, in 2010, for the first time in 30 years? >> shortal in social security eventually reaches hundreds of billions a year. but some changes now would help reducing the benefits for the wealthy or changing the retirement age or the cost of living adjustments. whatever it's done, analysts say the sooner the fix, the better. >> social security is very close to the leaky roof. the longer you avoid fixing it, nastier and more expensive the fix become. it's not going to get any easier for now. >> without changes, lower benefits are built in to the system. in the early 2030, social security will no longer pay full benefit and by law has to cut them overnight by 25%. that would obviously hit the poor harder than anyone. bret? >> bret: jim, thank you. well, do you think social security needs immediate refo
middle class tax cuts. irvin predicts, president obama will need to take the republicans over the fiscal cliff before they will compromise. the twitter user whatrugonnado, they hope president obama fights for medicaid as hard as they fight for susan rice. keep sharing your thoughts with us on facebook and on twitter using the #edshow. >>> an apology, but doesn't refute his claim that the network is a wing of the republican party. stay with us. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> thomas ricks tells the truth and fox news doesn't like it a bit. yesterday ricks called fox news out for its plit tieization of benghazi. >> i think ben
republicans in a box. president obama is hitting the road to push the extension of tax cuts for income, for folks under $250,000 a year. the president will kick off his tour in southeastern pennsylvania on friday. today he met with small business owners at the white house and tomorrow he plans to meet with a group of middle-class families. republicans will be countering with their own events. house majority whip is holding a meeting with small business owners next week. the small business owners in the meeting with the president today were on top of the game, top of the issues understood the solution to the deficit plan. >> what grows jobs in america are consumers spending money. and the average person needs that $2,000 in his pocket to drive the economy. saying that tax breaks for the rich drive consumers lower down to spend is like saying you could start your car by pouring gasoline on the hood. there's no proof, there's no factual data to support it. it's completely a sham to say that. >> and he's a business owner. we need more members of congress to sound like that. if the presiden
security. on that, good news in a second. how about taxes? when i tell people that obama wants to lower corporate taxes they don't believe me. listen to obama and see if you can tell what he wants to do. >> we have one of the highest corporate tax rates in the world, but it's riddled with exceptions and special interest loopholes. we can lower the corporate rate if we get rid of all these specials rates. >> not increase, lower the corporate rated. he's saying it. you just don't want to listen to it. ok? he is conservative. he's a blue dog. he wants to do the same plan the republicans want to do, just a little lighter. so what's on the -- what do we know about this grand bargain and what's still on the block? first of all cutting medicare. unquestionably, no question, it has been offered in every single deal, it is offered up now, dick durbin is still talking about how they call it reform. they're cutting it, cutting it, cutting medicaid, unquestionably, that has been offered every single time and they'll cut it. they are going to lower corporate taxes. the president agrees as i just sho
to keep in mind here. one is obama care taxes kick in january 1st. there are three aspects to that fiscal cliff. the third aspect is the obama care taxes that are coming. there's a 3.8% increase on capital gains, on dividends, interest income for people making 200,000 or more. that's already coming. that's baked in the cake. what the president wants is an additional tax increase rate increase on the same group of people he's already put a rate increase on in january. we're pushing back saying they are taking a hit in january based on the obama care taxes. why talk about a double tax rate increase? second thing to remember in 2007 we spent a trillion dollars less than we spent this year. the revenue is almost identical. 2007 to this year. the issue is not can we raise more taxes. the issue is we increased spending a trillion dollars and our simple push is to say why don't we look at spending? that's the major issue. we can't keep raising taxes and saying we'll just keep raising taxes as long as we raise spending. we're overspending. everyone is looking at congressional republicans saying w
for our country and for our-- >> and do you believe that president obama, if this tax comes down the pipe from the united nations, he will say we're not paying? get off our backs? >> there's been no talk about it. it's hard to imagine. there's no precedent for it and it's rank speculation, i can't see it happen. that's not what we're talking about. >> would he defend our interest by saying we will not sign on to a u.n. carbon tax, did he do that? >> i think he'll defend our interest by saying it's time we good up for a grave and gathering threat. stuart: the question is simple, bob. >> i'm not trying it elude your question. stuart: you're not directly answering the question. if the united nations comes up with some form of carbon tax climate change, call it a tax, call it a fee. and the u.n. diverted towards climate change movement, if they come up with that kind of demand for our money, do you think that president obama will say, you're not getting it, get lost? >> i think he would, stuart, and the it's a sovereignty issue, always been that way. >> precisely, but when we get to sovereign
] >> appreciate it. >> that was president obama at the white house speaking about the bush-era tax cuts. he reiterated he has a pen and ready to sign a bill to extend the bill for middle class. joining us is sasha isenberg. there we have a picture of you. before i go to you, i want to bring this into our panel in new york for one quick second. governor rendell we were speaking during the break -- not during the break, over the president and saying to each other, this is -- >> we were listening. >> we're multitaskers. this playbook is dog erred. we have seen this tactic before and it was the same strategy the president used during the payroll tax cut down to the use of, you know, facebook pleas, the twitter hash tag i have a pen. >> the only thing that's new is a #my2k. >> it worked last time. >> it's what executives and politics who have the bully pulpit who can garner media attention can do and it's a very effective device. people are going to -- the congressmen are going to hear from a lot of their constituents saying why are you holding this up? this makes sense. everybody agrees. of cou
al-asaad. new questions about president obama's approach to the fiscal cliff negotiations. taxes are going to go up and there will be massive defense spending cuts come next year if they don't do something on capitol hill. we showed you at the top of the hour how the white house was grilled about what spending cuts are being negotiated to avoid these pending cuts we are about to get which many feel are draconian and whether the wt wants to raise them and deal with them or postpone them until the new year and what sense would that make. last night syndicated clemmist charles -- syndicated columnist charles krauthammer says the president is not serious about solving the country's fiscal problems and claims his strategy is to drive a wedge between republicans. he pointed to a lack of discussion over spending cuts as evidence. >> why would the republicans allow the entire debate to be over taxes when obama is proposing on raising the rates on the 2% is i triviality it will reduce the deficit from 1.10 trillion to 1.02 trillion. 8 cents on the dollar. it's nothing. it's lunch money. i
are scheduled to go up. unless we fix that, president obama becomes a defender of the bush tax cuts for 98 percent of the people and that is something we accomplished and we ought to take pride in it. i am not for raising rates on anyone. period. >>neil: we know the end result is you mentioned the president, sir, and he seesed on your remarks. this is president obama. >> glad to see if you have been reading the pains that more and more republicans this congress seem to be agreeing with this idea we should have a balanced approach. if both parties agree we should not raise taxes on middle-class families, begin our work with where we agree. >>neil: you have the president agreeing with you and the speaker not. where do you see this resulting in --. >> i'm against tax increases on anyone. period. end of debate. it doesn't take a positive action by congress to raise taxes, they go up unless we do something to stop it. if i can stop them for 98 percent of the people and continue to fight on the others, i will. if you think we will gain ground by holding the american people hostage -- i disagree.
. obama is back in. and one of the clearest issues in that election was that taxes should be raised and raised on the rich. that gives the president even more leverage. i think the president has enormous leverage. if we do go over the cliff in terms of tacks? we go back to the clinton tax rates, which as i remember it, were not so onerous. they certainly were pretty good in terms of the economy. the economy did not suffer. the economy did much better under clinton than bush. i don't think at least on the tax side, going over the cliff is that big of a deal. it's not really a cliff at all as you suggested and if we get major cuts in the military and defense spending, i'm not sure that's a bad idea at all. >> now, joy reid, we all deal with being dumped in different ways. that is the choice grover has made tonight on cnn. let's watch. >> i don't see any movement toward ts republicans wanting to raise taxes or people wanting to break their pledge. in fact, to be fair to everybody, some of these people have had impure thoughts. no one has pulled the trigger and voted for a tax increase.
. appreciate your time. >> sure. thank you. gerri: as a reminder, the revenue from the bush tax cuts would generate just $82.4 billion a year, enough to run the government for five days. as president obama pushes for tax hikes on wealthier americans, he might look to britain to see the effect it has. it's not revenues. it's surprisingly less. after the labour party, that is, there, pushed for the top tax rate to 50%, 5-0, the richest left. two-thirds left to avoid paying the new tax. it also stopped people coming to and investing in britain. there's a lesson for you. turns out the proof is in the pudding realizing the errors of the way, the government is cutting the top rate to 45%. more to come like should washington sub di size wind energy? more on the fiscal cliff as americans on all levels have to prepare to take the tax hit. i hope it doesn't, but i'm going to break it down next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start.
. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pledge congress acted in accordance with the will of the people. >>> there's a debate of how to raise taxes. if government spending isn't paired back in some way republicans may not fine off on a deal. >> oo we already know the president is a good campaigner. we congratulate him on his reelection. what we don't know is whether he has the leadership qualities to lead his party to a bipartisan agreement on big issues like we currently face. >>> big issues include things like medicare and medicaid. will those be part of a final we will see. the president needs time to put on a pr push. he heads to pennsylvania friday f for a campaign style push to raise taxes. >>> before you leave the house this morning let's get the first degree weather update from maria molina. >> it is quiet out there but you say there's a storm to the west. >> heavy vain not just today but
's tax rates were lower. it was renewed in 2010 in a tax deal between president obama and congressional republicans at a time when the economy was weak and the feeling was they could not take an increase in taxes. host: what was the desired effect and did it happen? he called the desired effect was to give people more of their income back, and that happened, as wealthy people got more income back, more moderate income earners got some back. one of the questions is how it effects economic growth, and it is an unresolved area of economic research. did it did help the economy -- did it help the economy? it is hard to say. we had a good economy in the 2000's before the crisis. now we have a huge crisis. on balance, it probably did not help that much. host: can you calculate if jobs were created? guest: you really cannot. no one has done a long-term view. you could say over one or two years what is likely to happen, but over eight or 10 years, economists struggle to come up with a tax policy affects the trajectory of the company. host: what will happen in january of 2013 if the tax cuts are
, mr. obama warned that if the bush tax cuts are allowed to expire january 1, every taxpayer would pay more next year. the president said that would cost a typical middle class family of four an extra $2200. >> that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. >> this morning republican house speaker john boehner said his colleagues are willing to discuss new tax revenues but only if democrats agree to new spending cuts. >>> a bay area national guard crew just headed out on a rescue mission. >> steve paulson is back with more on when today's rain will end. he says there are bigger storms ahead. >> it was really close to their backs. if that was higher, i think it would -- >> you will hear more from a terrified south bay resident after bullets were fired into her room with small children inside. on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. [ male anno
aoe going to take them out. you guys lost the election. president obama said he was going to raise taxes on the richest 2%. why is this a surprise? that is what happens at the end of the year. it is a little slow. we'll get over that. come january first, they will pass the tax cut for 98% of the people. >> i didn't think this was a mandate. i agree your man won. but jim, the basic deal was, okay, john boehner acknowledging what this was. putting this on the table and he said this a million times in return for some. modest reform. while the biggest stuff waits for next year. if the democrats say it is off the table and if harry reid is trading bars with mitch mcconnel, what is up here. senator durban said, it shouldn't be ps deal. i don't think there is a bar gain to be had. it is a win win for alabama. he is going to get the tax hikes or the rb ares will say no deal and he gets the tax hikes which is what he will prefer anyway. that is a big pot of money he can use for whatever he wants. they are still not going to be a deal. baker, democrats saying there is no problem with social
to walk away from what they have long clung to which is the idea that we're not going to raise taxes, no way, no how. >> well, i think that president obama definitely has the upper hand in the situation. you have people coming out and saying we don't have on a this anti-tax pledge with grover norquist, a senior republicans, people like bill kristol you have 12 new house members coming in who refused to sign the pledge. so you start seeing that and it gives the president much stronger leverage to get what he wants. and i think that if the republicans don't come around on and we end up going off the cliff there will get blamed for it. gerri: what do you say? >> i say let's take a look and what happened in november. our government gave the people of america gave the government to the status quo. we are back to where we started in septmber. the president has a huge do over, and it is his obligation to leave history this. republicans have said we are willing to talk about revenue, but democrats have to be serious on spending. so this idea that anne has the upper hand is exactly why a deal
the numbers. it says if president obama gets the tax increase on upper earning revenues that will generate money next year, with that that will leave a trillion dollar deficit next year. waoes trying the's trying to say to the president, let's get serious here, let's put real numbers own the table an on the table including entitlement reform. bill: president obama meets later today with business leaders at the white house including the ceo's of home depot and coca-cola. on that agenda finding a balanced approach to reduce the nation's death and keep the economy growing. before the meeting mr. obama said to give a speech on the need to renew middle income tax tax cuts with middle income tax americans at his side. martha: china apparently is not a current see manipulator, that according to the obama administration. you remember mitt romney said he would declare them immediately if he became president. they do a report twice a year on whether the countries are manipulating their currency to try to gain trade advantages. a lot of people feel china is doing that. despite the decision not to dec
the fiscal cliff and if presented they will -- prevented they will talk about the need for taxes going up. in the afternoon, president barack obama will meet with ceos with more than a dozen major u.s. companies including home depot and comcast. >>> for only the 7th time in history, the president's swearing in date falls on a sunday and following tradition, president barack obama will privately take the oath of office on sunday january 20th and then the public inoculation will be -- inauguration will be sunday. >>> he frequently visits the plaza and unusual charges started showing up on her husband's credit card several months ago. >> there was $700 at washington state. 2600 at mcdonald in nevada and $1.50 at embassy sweet and some -- suite and someplace i never heard of. >> the pub owner said he is spending $10,000 to upgrade his computer system and most of the banks had charges that were not theirs as well. >>> and a shooter targeted a house filled with people including children. we will have more from gilroy. >>> she was sexually abused in the $1,990. a science teacher she said abused
vigorously against barack obama. so when lloyd blankfein and wall street say cut our taxes will, the president give them the back of the hand or welcome them in? >> i would not underestimate the influence that these guys have in washington. some have been part of obama's inner circle. jeffrey has sat on the head of the jobs council. the ceo of boeing is the chairman of the export council. so they do have a lot of influence. they contribute a lot to political campaigns and they have lobbyists crawling all over washington to speak for them. >> eliot: bill, you've seen it. why do they hold such sway? the scoundrels of the economic cataclysm. why do they still walk back in there and people lay down the red carpet? >> eliot it's money. it is not that much either. if you look at the top -- eight of the top ten supporters of obama in 2008 were wall street firms, this time around, eight of the top ten biggest supporters for romney were wall street firms. it is not that much money. it is like a million and a half buck
to obama. that's crazy. the one tax break most middle-income families in this country can get unlike everything that's available to the wealthy and the spk lay or thes and everybody else is their mortgage interest deduction. i'm going to fight to keep that. >> congressman peter defazio, thank you very much. great to have you on the program. >> thank you. >> gentlemen, let me go back to this whole idea of the impact beyond the real numbers, just, you know, analysis of what it might mean financially, because there are several also pekts of going off the fiscal cliff. obviously those economic implications. but if this drags on, clarence, into the new year and beyond, could it have serious implications for the president's second-term agenda, stalling other initiatives until these issues can be worked out? >> i think on the democratic side there's a lot of confidence that every time congress has gone over the cliff before, if you will, look at the government shutdowns in the '90s, for example, it's actually played well for the president. in that case it was president clinton. now we have
. >>> and with that fiscal cliff ahead, president obama is mounting a full-court press, making his case for higher taxes on wealthier americans, even as critics accuse him of being back in campaign mode. he'll meet today with mittle-class meshes who taxes will go up if there's no deal by the end of the year. and he talked to high-powered ceos about cutting the nation's deficit. >>> susan rice, who is the front-runner to be the next secretary of state, is back to capitol hill for more meetings with some of her harshest critics. the topic this time, her comments after the attack on the consulate in libya on september 11th. tahman bradley has the latest from washington. >> reporter: u.n. ambassador susan rice faces more tough diplomacy on capitol hill. rice is the leading candidate for secretary of state in president obama's second term. but prominent gop lawmakers are trying to stop her from getting the post. saying she misled the public about the attack on the consulate in libya. in meetings yesterday, rice tried to smooth things over. it didn't work. >> the concerns i have are greater today than they we
be visited by president obama as he makes his case for raising tax rates on wealthier americans as part of a larger deal with congress. and while the president is not trying to provoke anger necessarily, he is trying to drum up passions for his proposal. meeting with small business owners today such as texas crop duster manufacturer, david ikert. >> there was a lot of talk in the room about certainty. small business wants certainty so they can plan, strategically look at how we move forward. >> reporter: and releasing these showing them pleading for their tax cuts to be extended. >> if you take away the $2,200 from my paycheck, it would severely impact my family. >> reporter: while those for wealthier americans are allowed to expire. >> we're not going to solve this problem by creating villains and drumming up outrage. >> reporter: republicans today slammed the president for outsourcing the negotiations to treasury secretary tim geithner and other members of his administration. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the camp
. president obama is heading to pennsylvania on friday where he'll make his pitch to extend existing tax breaks for families making $250,000 or less. joining me now cnn contributor granderson and republican strategist ron bonjean. welcome to both of you. >> good morning. >> good morning, carol. >> minutes ago we heard from eric cantor, part of the gop leadership. he was talking about avoiding the fiscal cliff and he said what republicans want on the table, what must be on the table, medicare and medicaid. denot mention social security. so, l.z., i guess i just want your thoughts about that. i guess now we know what republicans want in return for those tax hikes on the rich. >> well, i don't think there's been much of a secret. in fact, i've been in support of trying to have some sort of entitlement reform for the past couple years on air with cnn because let's face it that is where a lot of money is going. we need to figure out how to fix it. i don't think it needs to be in exchange for. i think the republicans need to be looking at it as the prudent thing to do. we should be allowing th
and tax increases at the start of 2013. from the white house came word that president obama will try to build public pressure on congress to raise taxes on the wealthy and prevent tax hikes for everyone else. white house spokesman jay carney. >> well, the president believes very strongly that the american people matter in this debate. because this debate is about them. the question of whether or not taxes go up on 98% of american tax payers is a very important to ordinary americans. it is not just a matter for discussion between the president and the senate minority leader. or other congressional leaders. >> brown: to that end the president met privately today with small business owners. on friday he'll travel to the philadelphia area to speak further on the issue. not to be outdone, house republicans said they'll meet with small business owners and workers in their districts arguing against the president's plan. in the senate republican my ontario leader mitch mcconnell dismissed the president's new tactics. >> as we head into the fiscal cliff negotiations, my advice to the presiden
negotiations to playing out in public. today the president laid out the plan to step the looming tax hike in a public push that seemed like a campaign event. president obama meeting with a group of what he described as middle class americans, and repeated the argument for raising taxes on families earning more than $250,000, a plan which republicans so far reject. the president said the re-election shows a majority of americans support his approach. >> not just democrats but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy or hurt middle class families. glad to see if you have been reading the pains more and more republicans in congress are agreeing with this idea we should have a balanced approach. >>shepard: he referenced some in the g.o.p. who signal they could be willing to play bull. the republican leadership still is insisting they will not consider tax hikes. >> republicans are willing to put revenue on the table the it is time for the president and democrats to get serious on the spendi
not want to -- >> sean: look, they were not elected to raise taxes and to rrbber stamp obama's spending ways that we know will lead to bankruptcy. >> excuse me. >> sean: they were elected in the house -- >> no. >> sean: they won in the house, elected to hold the line. hold it. >> let's fast-forward to the last week of december. there's no agreement on the fiscal cliff thing. the president says those republicans, you people, you're just defending your millionaire pals, you're prepared to push us into a recession. who do you think gets the political blame at that point? >> sean: cut spending first. >> yes. >> sean: they won't do it. >> you'll never play politics? >> sean: republicans, i don't hear them advocating for smaller government and cutting spending. >> but you are asking them to negotiate in public when they actually should just be quiet. >> sean: in public, they're capitulating, saying they're giving in -- >> i think that's overriding, and -- overreading it, and pledges don't mean anything, and i like how stuart says "iota." >> sean: coming up, republican senators walk with more
is not scheduled to be seated at. carney confirmed that president obama will not find any extension of the bush tax cuts for the top 2% of the earners in the nation, and a look at the president's schedule for the remainder of this week shows nothing in the way of negotiations on it. the president reverting back to campaign mode as the white house decided to lobby for public support of his fiscal cliff policy positions rather than negotiate a compromise. president obama believing he won a mandate with 51% of the popular vote in last month's election. sitting down today with small business leaders at the white house meaning tomorrow with the ceos of larger firms and middle class taxpayers, and then a true campaign-style rally held in a toy factory on the outskirts of philadelphia friday where the president continues his christmas themed attacks against republicans and their positions. a meeting to hash out a deal with congressional leaders not on the president's schedule as of this moment. we'll take all of this up here tonight, and republicans taking action to resolve at least part of the illegal im
from today, pretty much everybody's taxes go up unless president obama and congress can keep us from going over that ever talked about fiscal cliff. now the white house says president obama is taking his case to the people. meeting with small business leaders. today middle class families, tomorrow in hitting the road for a campaign style rally on friday. gop leaders say he should stay in dc and try to work out a deal. house republicans say they're also planning to get out of washington and hold events from small businesses back home. james rosen live at the white house tonight. do we know whether the talks have broken down? >> the white house says no, shep, that the work continues between key staff aides on both sides. but there is for this week as yet no follow-up session planned for negotiations like the one that the president held in the roosevelt room earlier this month with all four leaders from the house and senate. democrats more thanked from that session back on november 16 talking about another to be held the week after thanksgiving. >> the people he needs to be talking to a
right. well, elsewhere today president obama will hold meetings with leaders of large corporations to talk about averting the tax hikes and budget cuts from the so-called fiscal cliff. the president met with small business owners yesterday to talk about the effect on their companies from taxes and other changes. and right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. >>> elsewhere on the hill, u.n. ambassador susan rice spent her day behind closed doors explaining statements she made back in september about those deadly attacks on the u.s. consulate in libya. her defense failed to convince her republican critics. nbc's tracie potts is on capitol hill with more on this. tracie, good morning to you. >> lynn, good morning. rice admitted that when she said the ambassador and three others who were killed were the result of spontaneous attacks, the information was partially wrong. as she has done before, in a statement after her meeting, she blamed it on bad intelligence informat
obama travels to a tinker toy factory outside of philadelphia on friday. to link tax cuts to consumer spending. tinker toys. hmm. some americans might see that as more than a white house backdrop. one other quick note, tom cole, a leading republican in the house in oklahoma told politico yesterday that the republicans should give in to the white house demands and quickly pass those middle class tax cuts. but house republican leadership sources tell me that cole was speaking only for himself, completely freelancing, but he is speaking for more republicans in the house, this could be a breakthrough. guys? >> with us is democratic senator amy klobuchar. great to see you. >> great to be on, thank you. >> what do you think, is this posturing on the physical cliff? is there real work going on? >> i wouldn't be surprised this is going on. people are going to stake out positions. i think the most significant thing is you're starting to see a number of major republicans just mentioned. also saxby chambliss, lindsey graham, others saying i will be willing to look at revenues in addition to spen
: if the president wants mr. obama expected to speak in moments on the tax cuts he wants to keep and he wants to raise maybe. nokia's newest smart phone. walt mossberg on the good, the bad, and man, this thing is heavy. calls are skyrocketing for holiday travelers, use that as an excuse to not visit to develop his who you can take or leave. connell: let's go back to nicole. what do you have? nicole: taking a close look, heavily traded on washington. a name when i bought my breakfast this morning it was a hot topic. now down $0.13 at 31.22. bp has suspended new contracts with the u.s. government according to the environmental protection agency. this is not good news for bp. everybody is familiar with back in 2010 we had the big oil spill, 11 workers that died. now the question is integrity, they pleaded guilty to charges, the agency of the environmental protection agency talking about the lack of business integrity they have seen and demonstrated. this is somewhat of an ethics issue out on th only the disastt what followed after that. how much oil spilled, this is why they are now being suspen
getting a deal before the new year brings automatic tax hikes and spending cuts. president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of oklahoma. the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not
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